This property looks like a bad Airbnb investment with a projected -25.18% first-year return on $187k initial cash invested.
-25.18%
Cash On Cash
0.34%
Cap Rate
0.06
DSCR
$2,015
Rent
-$3,922
Cashflow
Cash Flow
$2,015 income − $5,937 expenses = $3,922 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,043
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,015
Total Expenses
$5,937
Mortgage P&I
202%
$4,071
Property Taxes
30%
$600
Home Insurance
15%
$298
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$504